Breakout Identified in EURJPY

Breakout Identified in EURJPY for FX:EURJPY by FXCM

Breakout Identified in EURJPY



Signal ID: 73955
Time Issued: Wednesday, 11 November 2020 07:06:15 GMT
Status: open
Entry: 124.438 – 124.742
Limit: 125.304
Stop Loss: 124.101

The Breakout Opportunities system has just bought EURJPY at 124.554. The system recommends entering this trade at any price between 124.438 and 124.742. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.323, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 124.092 and a profit target has been set at the 1 Day ATR level at 125.304. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.

THE ULTIMATE TRADING EXPERIENCE